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FOX Business
Jan 8, 2013 12:00am EST
sandy damages that did not stop allstate from using their home in a commercial patting themselves on the back. now they're suing an in here to explain why. you probably have too much money when you start to buy solid gold clothing. we have all the details even when they sait is not, it is always about "money." all right, first let's take a look at the market headlines. posting their best week in more than a year. profit-taking largely to blame, the dowel dowell dow fell. the banks acsed of improperly foreclosing on close to 4 million borrowers. in 2009 and 2010. eligible owners get a little bit more than $3 billion in direct payments as part of the settlement. shares of boeing fell 2% after a fire broke out on an empty 7873 minor jet. -- three minor jet. the cause of the fire is under investigation, but you can see shareholders didn't like it, the stocks down 2%. the first story, what is on everybody's mind these days, texas. an editorial got our attention in "the new york times" advertisinadvocating a new way s never been used before like the backpacks. 77% ofmericans saw their t
FOX Business
Jan 9, 2013 10:00pm EST
reponse to hurricane katrina and superstore sandy. we take that up in tonight's "chalk talk." provocative new documentary that shows how terrorists have successfully infiltrated the united states. the film's producer, an award winning journalist joins us here next. ♪ ♪ lou: newly released images show a former fbi agent who is kidnapped released six years ceo. these images released today led the man's family show robert levenson posing in an orange jumpsuit. his wife released the 2-year-old photographs saying, she did so because she believes the government is letting them off the yoke. repeatedly denied any knowledge whatsoever of his whereabouts. u.s. officials say the government is responsible for the images and video produced in the late 2011. the muslim brotherhood, and other radical islamist of shoes are hiding in plain sight right here in the united states. documented it all. the grand deception. >> the muslim brotherhood is an international movement. the goal of which is to create an islamic state niversally all over the world. in my mind and is the mother of all islamic orgazat
FOX Business
Jan 3, 2013 7:00pm EST
caucus, then he chose to delay a $60 relief bill for the victims of superstorm sandy, a delay that angered the congressional dell gagzs of new jersey, and new york and one or two governors at the same time, boehner has beens target of scathing democratic and republican criticism, for what is now revealed to be a pork-laden piece of legislation that would have allowed some politicians to exploit victims of hurricane sandy for the purpose of this pork. leaving boehner deserted by two-thirds of his caucus just tuesday, as they voted against him. of the 112 congress, and today. he won a second term as speaker, and boehner, cried tears of joy. >> we're sent here not to be something, but to to something. or as i like to call it doing the right thing. it is a big job, and it comes with big challenges. >> one of the loudest voices in yesterday's republican rebellion was new york congressman peter king, who blasted boehner for not holding a vote on sandy relief, accusing the speaker of taking out this function within the leadership ranks on the state of new york, and telling voters to
FOX Business
Jan 4, 2013 6:00pm EST
nearly $10 billion in aid for victims of super storm sandy. that is the first of two sandy relief measures making their way through congress. today is for the national flood insurance program. that was due to run out of money next week if congress did not act. currently 115,000 sandy-related claims as well as 5,000 claims from other floods. the governors of new york and new jersey said today's voting congress is a good start. they call it a down payment. votes are planned for january 15th at the house and there are many 51 billion in aid the senate approved. i hope they get rid of all the pork. the speaker pulled the bill from the floor because of the port. now we want to know what you think. here's our question. should homeowners without flood insurance to the bailout? log on. also resulted in the the shell. more to come including more on that any me jobs report. the fight over gun ownership and privacy. what's happening one small community that is creating waves of the country. [ lisa ] my ne's lisa, and chantix helped meuit. i honestly loved smoking, and i honestly didn't think
FOX Business
Jan 3, 2013 11:00pm EST
, call him satan sandy. to hear the media tell it john boehner botched it, but instead, around this story, let's say all of this storm may dust up a lot of hot air. and isn't this the kick, the rush, rush, rush, to get a bad deal down so we're not downgraded and guess what? we're still downgraded. think it can't happen? and folks that moody's just threw out the tea leaves that it must might. and later on, wh he we dig in and hash it out i think you'll know why state government is back and since we won't cut tget ready to pay for it and boy, oh, boy, oh, boy, do i mean pay through the freakin' nose for it. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> we've got a new segment called our media moment. and here is how we're going to do this and what a moment this one is for john boehner more like a moment from hell. in almost every pap
FOX Business
Jan 7, 2013 7:00pm EST
in the connecticut after the sandy hook school shooting, there was less interest in buying guns. other democrats suggest the time to act is now. >> we will not allow, and the public will allow the normal to be mass shootings every month. >> the top senate republican says there are higher priorities >> the biggest problem we have at the moment is spending and debt. that will dominate the congress between now and the end of march none of these issues, i think, will have the kind of priority and spending and debt are going to have a the next two or three months. >> white house aides say mr. obama plans to move forward the agenda in a timely fashion. leading republicans say in addition to spending and debt, jobs are another top priority, suggesting the gop is slamming on the brakes on the gun issue. lou: thank you very much, as always. our chief congressional correspondent. senate majority leader harry reid apologizing after saying last week that hurricane katrina was nothing in comparison to what happens to the people of new york and new jersey during hurricane sandy. his comments drew a sharp rebu
FOX Business
Jan 3, 2013 8:00pm EST
, crueling holds up the vote on the much needed sandy aid. easier to push the bad boehner argument, i guess, not true though. because, reality, the sandy bucks are not going just to the victims, far from it millions doled out to fisheries in alaska, and roof repairs in washington d.c., not one sandy related. speaker wanted to keep the aid package clean. they are good at throwing good money after bad in washington. and pork if goodies for themselves, forgetting the folks who don't have much for themselves. greedy politicians are taking their money, and john boehner gets fried, look there are no saints in washington did you beplannedding accountability -- demanding accountability, john boehner deserves better. they got them scared now, he was being reasonable and looking out for the victims who were getting screwed. leave it to mainstream media to sell the notion, he is the bad guy, he found it screwing. to mediae is researchstra. said all this is screwing but not unusual. looking at chain of events it is remarkable. >> another one of these things where you know, it is we all remember those o
FOX Business
Jan 6, 2013 4:00am EST
report coming up. the new congress passes a bill approving $10 billion of aid for superstar sandy that is the first of two relief measures making their way through congress. nine point* seven through the national flood insurance program was due to run o of money next week. currently 115,000 claims and 5,000 from other floods. the governors of new york and new jersey say it is said could start and governor cuomo and governor christie say it is a downpayment with the aid that the senate approved i hope they get rid of the pork speaker john boater the inner pulled the bill. should they get a bailout? we will share the results at the end of the show. more to come on the anemic jobs report what is happening with one small community all ♪ gerri: the newspaper that added gun owners and to new york coununties is getting the red light and another. tnam county officials refusing to release the names and addresses after the paper published an online interactive map detailing where each gun permit older lived. names and adresses. but, can the county with all public information? joining me n
FOX Business
Jan 4, 2013 9:20am EST
to reimburse houses of worship for damages following hurricane sandy. citing separation of church and state and only offering loans, not grants. what about requirements under obamacare, that religious employers provide coverage for contraception and morning after abortion pills? father jonathan morris will join us at the top of the hour. we want to know what you think as always. go to our facebook page and leave a comment, please, we may read some of them live. and what we're following, the price of gold. investors piling into it as the fed kept on printing money. now the latest report from the fed says maybe the gravy train will come to an end or at least slow down. if the gold inflation hedge not such a great hedge if we're not printing a lot of money. next, the richest woman in the the world gives good advice to the poor. i think she's dead right. my crew disagrees, but we'll take it up in a moment. >> now, we're seconds from the opening bell and not expecting a huge move for stocks as we get going this morning. not expecting much impact from that jobs report, 7.8% unemployment, 155,000
FOX Business
Jan 10, 2013 9:20am EST
to blame republicans in the house for the not passing that 60 billion dollar sandy relief bill. dan henninger, says that christie was the one who was wrong. he'll be here to explain that. would you buy chicken wings at mcdonald's? jeff flock is in chicago, he send your e-mails varney@foxbusiness.com. all right. now, i have your seven early movers for you, what's moving this morning, what's going up, going down? disappointing results for the restaurant chain ruby tuesdays, eat there a lot myself. down 6%, the chip maker, chip logic cut the forecast, better than expected profit at discount club, price smart. it's up about, what about 2%, 3% there. entertainment technology company rovi not sure of the pronunciation, r-o-v-i, down beat. that's not good. and texas instruments a big name for you down 7%, that's a huge loss for a very big company. new rules could soon make it hard tower get vicodin made by abbott labs. and luxury retailer tiffany, 5%. the dow industrials up higher. well above 13-4 this morning. and public worker pension fund face as near 100 billion dollar shortfall and th
FOX Business
Jan 11, 2013 9:20am EST
since the sandy hook shooting less than a month ago. joining us now is kirsten powers from the daily beast and carol roth, radio show host. start with you, kirsten. i think that the president will use an executive order to ram through restrictions on assault weapons, high capacity magazines and universal background checks, i think he'll do it and win on this one. what say you? >> well, they certainly have talks about doing that, but remains to be seen. i'm the not going to be so certain that's what he's going to do. i do want to comment on those, the things that the n.r.a. has been saying. i'm not sure what they expect the vice-president to talk to them about. they're the n.r.a. so it seems like he would speak to them about guns. it doesn't mean that he's not looking at other aspects of this, as you mentioned's meeting with the video game industry and hollywood people and hopefully a mental health component to this, but for the n.r.a. to come out and say all he did was focus on guns. when you're meeting with the national rifle association what you're talking about is guns. stuart: th
FOX Business
Jan 4, 2013 9:00pm EST
billion of aid for superstar sandy that is the first of two relief measures making their way through congress. nine point* seven through the national flood insurance program was due to run out of money next week. currently 115,000 claims and 5,000 from other floods. the governors of new york and new jersey say it is said could start and governor cuomo and governor christie say it is a downpayment with the aid that the senate approved i hope they get rid of the pork speaker john boater the inner pulled the bill. should they get a bailout? we will share the results at the end of the show. more to come on the anemic jobs report what is happening with one small community all over the country. ace to handle your legal needs. maybe you have questions about incorporating a business you'd ke to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help gde you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection.
FOX Business
Jan 5, 2013 5:00am EST
for superstar sandy that is the first of two relief measures making their way through congress. nine point* seven through the national flood insurance program was due to run out of money next week. currently 115,000 claims and 5,000 from other floods. the governors of new york and new jersey say it is said could start and governor cuomo and governor christie say it is a downpayment with the aid that the senate approved i hope they get rid of the pork speaker john boater the inner pulled the bill. should they get a bailout? we will share the results at the end of the show. more to come on the anemic jobs report what is happening with one small community all i love to eat. i love hanging out with my friends. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poliip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while
FOX Business
Jan 6, 2013 10:00pm EST
on the jobs report coming up. the new congress passes a bill approving $10 billion of aid for superstar sandy that is the first of two relief measures making their way through congress. nine point* seven through the national flood insurance program was due to run out of money next week. currently 115,000 claims and 5,000 from other floods. the governors of new york and new jersey say it is said could start and governor cuomo and governor christie say it is a downpayment with the aid that the senate approved i hope they get rid of the pork speaker john boater the inner pulled the bill. should they get aailout? we will share the results at the end of the show. more to come on th anemic jobs report what is happeng with one small community all ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors tn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to he you solve it. where teams compete to make the right decision about saf
FOX Business
Jan 7, 2013 4:00pm EST
was hurricane sandy. hurricane sandy suspended 130 flights, that is a large percentage of flights canceled, that will figure into the season and secondly an area devastated, you will not see leisure travelers go to those areas and that is a problem. the last place they want to go to that place devastated by hurricane. sandra: you have a car rental company, avis in there. so many were without cars, do you think they still did not do well? >> a large portion of that has to do with their weakness in europe. the weakness they have no pricing power in europe is causing it. 1 cent below the consensus, they are actually paying two-thirds of the operating income in interest expansion. they have a large debt burden they are paying off right now. sandra: that is pretty big. ashley has to come in and we have to leave it there, but i'll add sports forecasting. who is going to win the game today? alabama or notre dame? >> alabama looks like the juggernaut. ashley: thank you very much. sandra: all right, the season comes to an end tonight with the bcs championship game but with the season be more exciti
FOX Business
Jan 4, 2013 10:00pm EST
's schools following the tragedy at sandy hook elementary. joining us now, attorney general of the grim state of arizona, also state superintendent to from 2003-11. great to have you with us, attorney general. >> great to be with you. i think you have been interviewing me for a lot of years and. lou: it has been a while. we don't have to count them all up. we come up with intriguing and i think provocative ideas. i would like to get a snse of what the response has been to your proposal. >> well, what i tried to do s find the golden mean between two extremes. some people oppose that all teachers be able to bring guns to school as much as they want. i think that would create more dangers than it would solve. on the other hand, if we work to do nthing and there was a preventable incidents like newtown, we would definitely regret that. i propose something in the middle which is actually proposing a free service. we will train one person in each school, the principal or his designee not only in marksmanship, but judgment, when to shoot and when that's to. how tolock begun so that is safe on campus
FOX Business
Jan 4, 2013 11:00am EST
for the last two years. job creation may have gotten a little boost from hurricane sandy. construction added 30,000. maybe some places where placing damaged cars in december. a little surprise in the unemployment report is the rate was unchanged in november once it was revised up. we made a big deal about this when it dropped to 7.7% from 7.9% in october. the labor department announced its regular annual adjustment of its reports because of seasonal factors affected just one month, november. >> there are some signs that the holiday shopping season started earlier. also, because of internet sales we are affecting package delivers. the nature doesn't change as the economy evolves around time. the bureau regularly need to keep up with those changes. peter: "while more work remains to be done, today's unemployment rate provides further evidence that the u.s. economy is continuing to heal." republicans, of course, are saying it is not good enough. speaker boehner out with a comment this morning. our oversized and overspent government has a drag on economic growth and job creation . connell: peter, t
FOX Business
Jan 4, 2013 1:00pm EST
but it was on expectations but one place was with hurricane sandy rebuilding. construction added 30,000 jobs last month. manufacturing up 25,000. may be replacing cars that were damaged. food services was up 30,000 items think that is related but the government was cutting down. the president's top economist said the resolution of the first part of the fiscal cliff battle should help job creation. >> the actions congress took is a step in that direction. we extended tax cuts that 98 percent of the families. they would see a $2,200 tax increase this week had congress not acted. that should provide some help for the economy. >> but washington needs to reduce spending and deficit and speaker been ears said the oversized and overspent federal government is a drag and has printed page burden to every american with a $50,000 share of its debt and rising. lori: the government dropped workers is that do criticism with largess didn't government? melissa: construction was interesting but we will talk about that later. melissa: the number and the jobs report nobody talks about 22 million unemployed or underemploy
FOX Business
Jan 8, 2013 4:00pm EST
in the fiscal cliff deal. >>> superstorm sandy will likely cost the insurance industry at least $20 billion according to a new report from fitch ratings. fitch says the complexity assessing insurance losses from such a large and intense storm over a widespread region created uncertainty in estimating ultimate insured losses from superstorm sandy. that's the latest from the fox business network, giving you the power to prosper liz: welcome back, everybody, live in las vegas on the floor of the consumer electronics show. we moved to a panel here. good friend of this broadcast is rob enderle. they're talking about evolution whether the pc survives. yes, according to rob. what about panasonic, everybody is talking about rumors that they would be getting out of the television business. get it straight from the horse's mouth. joe taylor is the head of panasonic america, north america. great to see you thank you. >> happy new year. liz: you guys getting out of the television business? >> i heard that 20 times in the last couple of months. i think it was mark train. the rumors of our demise are gre
FOX Business
Jan 11, 2013 5:00pm EST
heard about the sandy hook issue and the shootings, did not say, oh, my gosh here we go again? there have been too many of these shootings. melissa: how do you link that to videogames though? >> well, you know, the individuals, what happens is you find out that the individuals that are responsible for these shootings were exposed to these videogames and they have become so sophisticated that they almost desensitize you or they in some cases they may actually desensitize you. melissa: why would a videogame make them do it? maybe a type of person, naturally violent likes to the play the videogame. why is it the fault of the video game? what is the chicken and the egg there? >> we have to stop the exposure is. i don't know if that is the answer but i rather err on the side of caution and i think that i get the fact that parents have to step in and i get that. i mean, i'm a parent of three young children and i feel as though it is my responsibility to step in and make sure that my kids are not desense tidesed. melissa: why do you need the government? >> because not every parent do
FOX Business
Jan 6, 2013 1:00am EST
multiplier effect. in fact, sandy is saying we're talking about millions jobs saved or created and other estimates range from 1 to 4 million cbo estimates. so i'm glad we agree that stimulus spending does stimulate the economy. >> i'm not in agreement with that, i'm sorry, there's no agreement on that. the bottom line, when you -- when government spends there's no profits, they're not making any money out of it, it comes out taxpayer dollar and we are he doing deficit spending here and guess what, that has to be paid back eventually. >> brenda: right, gary k. but the stock market isn't agreeing with you, wall street isn't agreeing with you, had an incredible week. i think the best week for stocks since december of 2011. >> right, but remember, that was, you know, that was relief rally off in the fiscal cliff. if you're going back to the big story here, you ow, gary b, in this particular round of pork, which is a gigantic round about 65 billion dollars, you realize that corporations in the united states, all the taxes they paid in 2012 was about 150 billion dollars. so, on a big scale her
FOX Business
Jan 10, 2013 9:00pm EST
you have hurricane katrina and hurricane sandy is they were unprepared. it is better levies or making york more prepared. not cutting carbon emissions. john: and letting people prosper to move away. last year headlines screamed genetically modified foods caused tumors in rats. it looks like he eight a tennis ball. but of of the kinds of rats usually develop tumors 90 percent of the time. >> they said we gave them genetically modified foods but they forgot to say with normal food there were also developed a tumor. it is irresponsible. but it focuses on the wrong solutions. john: leading some countries to reject it hurting the pork people. "newsweek" warned us the end of casa social unrest could explode in china. if we want to keep eating pasta we have to take aggressive action. it seems like a joke. >> you can also not believe the story which is ridiculous. >> they do have a grain of truth that fundamentally wheat is the most heat intolerance species. that is true. their word as temperatures rise we cannot produce wheat. we have seen that over the last 30 years it is not proven. temper
FOX Business
Jan 9, 2013 11:00am EST
to hurricane sandy. if you exclude the insurance agency, they'll be up 40%. cheryl: you mentioned the industrials. with the industrials it was my thinking this would be a stronger sector in 2013 because the rebound in particular overseas, but you are not convinced. why? >> search the industrial sector is the weaker sector, decline 5% expected. what the companies say about emerging markets going forward. are they seeing improvement or are they seeing things? the key, really fo for all the companies in the index during this earnings season. cheryl: you called the third-quarter numbers, your estimates were. what is the one thing, the one company and the one sector we have got to watch kicking off earnings season? speak out about the financial sector expected it to be the largest contributor to growth this quarter. with bank of america and fannie and freddie mack but that is the sector driving growth. to get a couple general themes on the global side was for companies talking about conditions in china and other emerging markets and on the domestic side watch the impact of hurricane sa
FOX Business
Jan 5, 2013 12:00am EST
tornado. >> we're helping east coast recover from hurricane sandy. >> we' a leading global insurance company based here in america. >> we paid back everything that american lent us. >> everything. >> profit of $22 billion for america. >> thank you, america. >>elping peoplerecover d rebuild. that's what we do. melissa: hmmm. i don't know. it is nice to be thanked for the big bailout especially when a lot of people actually didn't want to do it. i'm not sure this is a great idea for an ad campaign. joining me is advertising and marketing expert. thanks for coming back. what do you think?. >> i shed a tear. melissa: looked like you were weeping? >> i was weeping. i was trying to hide it. it is a wonderful idea. they deserve a victory lap. first time in the history of the world the u.s. government has ever made money on anything. melissa: on anything, right. >> they borrowed $180 billion from you and me. melissa: yeah. >> they paid it back with interest, $20 billion of interest. melissa: do you work for aig by the way? into, no,. melissa: just checking. >> no, as a matter of fact, i held
FOX Business
Jan 8, 2013 6:00pm EST
agreement. the taxes went up, and there is more spending. just between what happened with the arcane, sandy, and all the different other things the president wants, we will spend more this year than we did last year, and it will equal the amount of the tax increase. we have to fix this. clearly, clearly not a tax problem. gerri: nothing you are saying is giving me a lot of confidence, but it is always a pleasure to have you on the show. thank you for coming. all right. less than two weeks away from the start of president obama's second term, and there are big changes to come to his administration. you probably heard about some of them. major players headed for the exits are out the door had been pushed out as is the case with former cia director david patraeus. for most of these positions, the president has told the city wants to take over, senator john kerry for secretary of state, former senator chuck hegel for defense secretary and adviser john brennan for the cia. for my money his potential pick for treasury secretary has be scratching my head. white house chief of staff jet blue. here
FOX Business
Jan 8, 2013 9:00pm EST
taxes if your dream down the deficit. that is not true just between hurricane sandy and the president's items you'll spend more this year in an equal the amount of the tax increase. clearly it is not a tax problem. gerri: you are not giving me confidence. it is a pleasure. thank you for coming. two weeks away from the second term for president obama. big changes are coming and major players are out the door or has been pushed out as with david pretorius. and the president has said he wants to take over. senator john kerry, secretary of state. defense secretary john -- chuck kaye goal but here is the treasury secretary will have to be scratched my head. here he is right now they say that could come by the end of the week but what experience does he have? the 57 year-old is not a veteran of wall street, not an economist but a lawyer and a politician began his career a capitol hill becoming an adviser to tip o'neill. but then with the office of management and budget then clinton caught wind of him to bring him to the national stage and returned in 2010 the this is a very different biogra
FOX Business
Jan 11, 2013 3:00pm EST
millions of dollars to hurricane sandy families, families who were terribly effectedded, public schools, what are you doing for them? >> well, you know, you are so kind, and you've joined us on a charity day every year and watched us raise $12 million, and you helped us this year. if you say, well, what do they do with the money? this is an example. we took $5 million from that and $5 million for next year. we put $10 million in, and we got basically this credit card, see this? liz: what is it? >> a debit card with $1,000 on it. we adopted 19 schools; right? we adopted 19 schools, go to the schools -- liz: public schools? >> yes, obviously oflesser means, giving each and every family in the schools a card of $1,000. 10,000 families, a thousand dollars each, that's $10 million, and you know, we put the money in the hands of the parents and tell them to do what they think is best. if they need a couch because their couch is destroyed, fine. if they want to buy a toy for their kids to make them happy, you got to let parents do it. this is our way of saying, you know, we do all of that on c
FOX Business
Jan 11, 2013 6:00pm EST
, and at the end of the day when we talk about sandy hook and violent incidents i fail to see that correlation between video games of violence being portrayed. we are losing sight of what is really to blame, and at the end of the day it is the people that make these actions. gerri: the people to actually pull the trigger. doctor, what do you say? howdy you counter that? and-agree. >> yes. if you want to look, that is a perfect example. and the first reports came out about how he had shot his mother in the head and how he had shot the kids impossible to vibe multiple times, not just once or twice, but ruled with bullets, and he was obsessed with video games because we have seen time and time again when there have been shootings, when people are shot like that like you shoot in a video game, that these are people who have been trained on video games. that is exactly what happened. children who are not rewarded other places that life could reward for killing more and more are video games. gerri: let's bring travis back. respond. there is something to the way these shootings occur. so similar to t
FOX Business
Jan 4, 2013 4:00pm EST
by hurricane sandy. the bill will increase funds to $9.7 billion. >>> the e reader reporting qlobl e read shipments fell 28% last year dropping to 19.8 million units from 27.7 million units the previous year. >>> facebook looking to expand its mobile messenger app enabling users to leave voice messages. social network giant is testing free voice. >>> patrick dempsey bids for it allly's company, beating out starbucks. his company called local baristas will pay $9.1 million for the small coffee chain and compete the purchase later this month. we wish him luck. that is today's speed read [buzzer] liz: today's jobs report stayed at 7.8% in november after november he is report was upwardly revised at 7.7%. that rarely happens by the way. is the economy at a standstill or are there some signs of real growth in this report? david: joining us is the chief u.s. economist for rbc. tom, great to see you. thank you for coming in. we've been hearing very optimistic analysts over the past 40 minutes here at fox suggesting that the market in virtually every sector from finances to health care is due to
FOX Business
Jan 8, 2013 1:00pm EST
of the market. superstorm sandy will likely cost the insurance industry at least $20 billion according to a new report, the complexity of accepting insurance losses from such a large and intense storm over a wide spread region has created uncertainty in estimating ultimate insured losses from sandy. that is the latest from the fox business network giving you the power to prosper. ashley: is congress running out of time to craft the debt ceiling deal? bipartisan policy center released a report will run headlong into the debt ceiling as early as feb. fifteenth unless congress reaches and agreement. joining us from both sides of the aisle republican congressman paul brown of georgia, democratic congressman john young of kentucky. thank you for joining us today. it will be a contentious issue. let me begin, the republicans saying they will agree to raise the debt if there's corresponding spending cuts otherwise they don't want to raise the debt ceiling. those two are really tied together, why would you not agree to that? >> right now is not the time to cut spending dramatically. we are faced with a
FOX Business
Jan 7, 2013 1:00pm EST
the bar low enough. lori: exactly. always a strategy. thank you, sandy. >> thank you. lori: big gains to start the year, but what will the rest of the week bring in the oil pits? going to the pits of the cme next. ashley: it's the pits. lori: how many times can we say "pits"? ashley: i don't know, one too many i think. the ten year and 30 year are not in the pits. the 30-year, meantime, as we wait -- lori: i don't think there's a 30 today. ashley: suspense is killing me. you're not going to get it -- oh, unchanged today. we'll be right back. ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade.
FOX Business
Jan 8, 2013 11:00am EST
points. superstar sandy will likely cost the insurance industry billions of dollars. the company says the complexity of accepting insurance losses over a wide region has created uncertainty in estimating losses. hospitals uncompensated care cost rose to more than a billion dollars last year. those cost should decline a year from now once broader health coverage is available under the affordable care act. that is the latest from the foxo business network. giving you the power to prosper. ♪ like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. side effects
FOX Business
Jan 10, 2013 11:00am EST
candidates for top story of the day starting with: >> i would say for me it is the sandy bill and the reason is that the g.o.p. does not own the narrative on these issues so i feel like i need to do their job for them and point out the pork in the senate bill and point out some of christie's missteps here. charles: i agree with you. the fact it is not the story of the day. it is the story of the great society. we are supposed to be helping people and it is just getting worse. stuart: dagen and connell, it is yours. connell: thank you stuart. dagen: i'm dagen mcdowell. connell: the president looking to make his choice for treasury secretary official today. dagen: also the talk of washington, the flu, lawmakers taking to twitter to urge the public to protect themselves from the spread of this terrible outbreak. connell: and the chamber of commerce president he wants some changes to dodd frank, some thoughts about economic growth. he's on with us live this hour to talk about it all. dagen: top of the hour, stocks now and every 15 minutes. nicole petallides at the new york stock exchange with wh
FOX Business
Jan 10, 2013 1:00pm EST
-week average up. once we parse out the temporary volatility to hurricane sandy we find ourselves very much unchanged from where we were before the superstorm hit. really no change in the labor market. we're still just kind of bumping along. tracy: we heard that small business confidence is ridiculously low. they're not hiring. where will the job growth come from. >> that is part of the problem. the fed continues to have very accommodative policy in place and continue to pass along the baton to the federal government saying now it is your job to put pro-growth, pro-business policies in place to reinvent the investor class and business class in order to grow that highering. ashley: we heard from a number of companies and we're just into the new year about more staff reductions. that must be a concern. >> it certainly is. we're seeing more and more companies moving full-time employees to part-time employees to rein in the costs. still keep the employees on payrolls but reducing hours. ashley: fran cheese of wendy's in nebraska, we may see more of this, bringing hours down so they don't have t
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